Options Update: Google (GOOG) & Crocs Inc. (CROX)
Crocs (CROX)
CROX volume & volatility Elevated as shares sell off 41%
CROX is recently down $7.30 to $10.49. CROX pre-announced disappointing Q1 results and lowered Q2 revenue guidance growth guidance to between 10% and 15%.
Thomas Weisel say's "Expense structure built for a much higher run-rate, resulting deleverage is daunting."
CROX call option volume of 39,249 contracts compares to put volume of 29,249 contracts. CROX May option implied volatility of 115 is above its 26-week average of 78 according to Track Data, suggesting larger price movement.
Google (GOOG)
GOOG option prices Elevated on moderate volume into EPS
GOOG is recently down 88c to $450.78. GOOG is scheduled to report Q1 EPS on April 17.
Stifel Nicolaus say's "We maintain conservative financial expectations for GOOG."
GOOG call option volume of 27,679 contracts compares to put volume of 27,891 contracts. GOOG April 450 straddle is at $31.60, May 450 straddle is at $50.30 according to Track Data, suggesting large price movement.
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About Paul Foster
Paul Foster is a former member of the Chicago Board Options Exchange with 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers & acquisitions. His writing about the options market has appeared in a wide variety of publications.
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